Subscribers Reject FG Approval Of 50% Telecom Tariff Hike, Threaten Court Action

LAGOS JANUARY 22ND (NEWSRANGERS)-Nigerians have vowed to drag the federal government to court over approval of a 50 percent increase in calls, data, and other telecommunication tariffs. In an instant multiplier effect, Point of Sales Operators have hinted at plans to increase their service charges. The President of the National Association of Telecoms Subscribers, Adeolu…

Read More

Reps Order POS Operators To Stop Sale Of Naira Notes, Remove Excessive Charges

LAGOS DECEMBER 22ND (NEWSRANGERS)-The House of Representatives on Thursday warned the Point-of-Sales (POS) operators in the country to stop selling naira notes and remove excessive charges to customers nationwide immediately. This is even as the House mandated the Committees on Banking Regulations and Digital and Electronic Banking to invite the Minister of Finance and National…

Read More

Fraud: Customers Shun PoS, Return To Banks’ ATM, Other Channels

LAGOS JUNE 15TH (NEWSRANGERS)-The usual high patronage of Point of Sale (PoS) ser­vices in the country is in reverse trend as bank cus­tomers now resort to Au­tomated Teller Machines (ATM) and other channels like online banking, Un­structured Supplementa­ry Service Data (USSD), among others. In the heat of COVID-19, last year, banks and other financial companies…

Read More